Do you understand the difference between Accrual Accounting and Cash Basis Accounting? 🤔 One tracks when money physically moves, the other when you earned it – even if your client says their finance guy is still 'processing the check!' 🤭 Accrual Accounting records income when

8th March is a very special day to me, not only because it's #IWD but also because it was on this day, 2 years ago that Gamer Girls Uganda (GGU) was formed. So, tomorrow, we celebrate our second anniversary by touching grass. Join us, all ye gamer girls (current or aspiring), and

Ever wonder why your favorite drink costs so much more than what's on the price tag? 🤔 Meet Uganda's sneaky tax twins: VAT and Excise Duty. These two taxes might sound similar, but they're secretly teaming up to take a bigger bite of your wallet than you realize! 💸 Let's

Are you one of those people who mix up "Creditors" and "Debtors"? 🤔 The everyday meaning of "creditor" is commonly understood (banks, lenders), but "debtor" is used less frequently in daily language, we're often not quite sure about its specific accounting meaning 📚 Plus,

What's the difference between Presumptive Tax and Income Tax in Uganda? 🤔 Presumptive Tax in Uganda is a simple tax for small businesses making less than 150 million UGX yearly. They pay just 0-1.5% of their total sales and don't need to keep detailed records 📚 Income Tax is

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SACCO vs. Investment Club: What's the difference?! 🤔 People often confuse the two because of the following 5️⃣ reasons: 1. Both involve putting your money together with other people's money 💰 2. Both are ways to handle money outside of regular banks 🏦 3. Many groups start